Opportunity cost is an economics term that refers to the value of what you have to give up in order to choose something else. In a nutshell, it’s a value of the road not taken.
Opportunity cost definition: the money or other benefits lost when pursuing a particular course of action instead of a mutually-exclusive alternative. See examples of OPPORTUNITY COST used in a sentence.
2. Opportunity Cost 机会成本 10 Principles of Economics 经济学10大原理 #TheBilingualTV #英语 #财经 #经济学 #雅思 - Max英语于20240814发布在抖音,已经收获了16.0万个喜欢,来抖音,记录美好生活!
Scarcity in Economics | Definition & Examples 6:07 Opportunity Cost | Definition, Calculation & Types 6:43 6:11 Next Lesson How to Calculate Opportunity Cost Production Possibilities Curve | PPC Definition, Graph & Examples 10:57 Production Possibilities Frontier | PPF Definition, Curve & ...
DefinitionDefinition ofof opportunityopportunity cost cost A measure of the economic cost of using scarce resources(Factor Inputs) to produce one particular good or service in terms of the alternatives thereby foregone. Reference: Christopher Pass, Bryan Lo 3、wes, Leslie Davies. Collins Economics ...
Opportunity Cost: Definition, Calculations & Examples Production Possibilities Curve | Definition, Graph & Example Trade-Off in Economics | Definition, Theory & Examples Opportunity Cost Courses Economics Economics 102: Macroeconomics View course Test Prep GED Study Guide and Test Prep View course Econo...
economics PrintCiteShareLinksWritten and fact-checked byThe Editors of Encyclopaedia Britannica Updated: Nov. 06, 2024 Key People: Friedrich von Wieser opportunity cost, In economic terms, the opportunities forgone in the choice of one expenditure over others. For a consumer with a fixed income, ...
Gregory Mankiw’s economics principles: People Face Trade-offs. In today's article, we will be discussing his another well-known economics principle: Opportunity Cost. When addressing the word “cost,” most people might instantly connect it with money or wealth. Even though it is about money ...
In the field of economics, "opportunity cost" refers to ___. A. The cost of the next best alternative B. The cost of the best alternative C. The cost of the worst alternative D. The cost of the same alternative 相关知识点: 试题来源: 解析 A 反馈 收藏 ...
In economics,riskdescribes the possibility that an investment's actual and projected returns will be different and that the investor may lose some or all of their capital. Opportunity cost reflects the possibility that the returns of a chosen investment will be lower than the returns of a forgone...